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New chairman named at JCPenney
PLANO, Texas — JCPenney announced that Thomas Engibous will become chairman of its board of directors on Jan. 28. Engibous was named to the board in 1999 and has served in presiding director and lead independent director roles since 2008. He will assume the chairman's role from Myron Ullman, III, JCPenney's former chief executive officer, who will step down as executive chairman.